Setting a Higher Product Price or Lower?

I have a question and the question is in the form of a poll...

What would be better? A Higher price for a Software Product or a Lower price? The prices are $100 or $50 or $20?

The reason I ask is because I have heard a lot about different pricing strategies and some people say that price has no effect on sales... Is this true? I have also heard that the higher the price the better because it puts more weight behind your product. Please vote and then discuss this.

Have any of you found that a $100 product doesn't sell as well as a $50 product?

$47 / $97 $67

these 3 prices are quite common in ebooks

it depends on the product your selling.. if the position of your product is unique, problem solver, one of a kind thing you should go for higher price.. cos i agree with the saying that the price add more weight to your product..

just look all that membership type product here .. they all pricey.. but it still worth it from what i learn ...

mutantseed

Yeah. You have to decide more customers + lower price or less customers + higher price. If it is exclusive knowledge that in the past you have been the only person who has had access to it, then have a high price. If it is just regular knowledge you compiled into an ebook, then charge a lower price and appeal to a bigger audience.

what about common and unique knowledge? what about a high price to begin with and go lower later (or perhaps like a trend I've seen have a high price, but temporarily go low price for a few sales and "warn" them before the prices rise)?

when low price something people always think low quality

You're looking at this the wrong way. There isn't a general "pricing strategy" for software or anything.

Base your price on the value that your product delivers.

I once sold a 2 page report for $800 because i knew the client could make double that in the first day.

I prefer high-ticket items (as long as they deliver) because it's easier to reach your "earning" goals.

You have to test the price, high with fewer sales or lower with more sales. Test test test till you find the price that is most profitable for you.